Catalyst Media Group PLC 28 November 2005 28 November 2005 Catalyst Media Group Plc Catalyst Media Group plc ("CMG") is pleased to announce that the Board of Satellite Information Systems (Holdings) Ltd ("SIS") has resolved to pay an interim dividend of £10 million with immediate effect. CMG's share of this dividend is £2.2 million which will be applied to the early reduction of debt which was raised to part finance the acquisition of a 20% interest in SIS (the "Acquisition") in September 2005 for £23 million in cash. This interest was increased to 22.2% following the buy back of shares by SIS in November 2005. The Acquisiton was partly financed by the issuance of secured deep discounted Bonds to Eureka Interactive Fund Ltd for a subscription of £11.75 million. Whilst the Bonds have a nominal value on maturity of £16.7 million they may be redeemed at any time at a deep discount which equates to an interest rate of 10% per annum. Consequently, following application of the funds from this dividend, the outstanding balance will be reduced from £12.09 million, including accrued interest, to £9.9 million. SIS has, in the recent past, had a policy of declaring a substantial dividend every four years. The Directors of CMG expect the next dividend in line with this policy to be declared before the end of 2006. Since the Acquisition, CMG has comprehensively restructured and the Group is now profitable on a monthly basis. END This information is provided by RNS The company news service from the London Stock Exchange